Royal Mail sell-off: Thatcherism lives on

Before postal workers even have a chance to strike over the plan.

 

Thatcherism lives on well into the new millennium it seems with the news that the government will rush the sale of Royal Mail before postal workers have a chance to strike over the plan.

Nothing could be more polarising this week following the now seemingly heroic Labour bravely, although perhaps unwisely throwing down the gauntlet to the energy companies while the Con-Dems attempt to royally screw the nation out of its postal service.

The Communication Workers Union (CWU) is balloting 100,000 of its members on a nationwide strike over the privatisation, as well as on changes to salary and pensions.

Voting in the strike ballot will close on 16 October while Royal Mail should be privatised by 15 October. The earliest a strike could take place is 23 October, making the whole thing seem a little bit pointless.

The depressingly low value of the post office has been placed between £2.6bn and £3.3bn after the government announced it will beginning selling shares between 260p and 330p each.

Bear in mind the businesses profits to the 52 weeks to the end of March jumped to £403m, up from £152m for the previous year on the back of its growing parcel delivery service, while, admittedly, the letter industry dies a long, torturous death trapped under an ever growing pile of junk mail.  

Despite its problems, many may struggle to see the upside of such a sale considering we are now seeing the long term affects of the utilities sell off. So what are the, hypothetical, pros?

Business secretary Vince Cable has said that the Royal Mail needs the capital this IPO will bring in order to modernise. In a kind of confused agreement chief executive at Royal Mail Moya Greene said that the company would "not change" while being better able to compete in a competitive market. That’s a thinker.

Vince and Moya are right in some respects; Royal Mail operates in an increasingly competitive market and, unlike the energy companies and the banks, the services on offer are not seen as one indistinguishable gelatinous blob, all giving the exact same service at the same price but with a different, just as ugly, face.

It’s not just a question of picking a provider and sticking with them until you get so pissed off you switch to a different one where the cycle begins all over again (in a way painfully reminiscent of out system of government). Royal Mail has to compete to be the first choice everyday of private people and businesses when there seems to be more UPS and FedEx trucks on the road than ever.

Perhaps privatisation is the way forward this time. If previous governments hadn’t done such a lamentable job the last few times, allowing big business overseas to take us all to the cleaners, maybe people would be able to see beyond the failures of the past to entertain the idea that this time it might work.

But the fear of stagnation, greedy profiteering, shady board room deals are not going to be far from peoples minds and pulling a fast one on the CWU in the back is unlikely to be seen as a fair but shrewd business tactic.

With the bull rush move of not allowing Royal Mail staff (who will be expected to carry a 10 per cent share of the company in less than a month) to have their say and, if they so choose to, call a strike, it seems the biggest government sell off since the early 90s is off to a bad start.

But hey, something’s got to pay for that sinking ship called HS2, right?

Photograph: Getty Images

Billy Bambrough writes for Retail Banker International at VRL financial news.
 

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I am special and I am worthless: inside the mind of a narcissist

There's been a lot of discussion about narcissists this week. But what does the term actually mean?

Since the rise of Donald Trump, the term “narcissistic” has been cropping up with great regularity in certain sections of the media, including the pages of this journal. I wouldn’t want to comment about an individual I’ve never met, but I thought it would be interesting to look at the troubling psychological health problem of narcissistic personality disorder (NPD).

People with NPD (which is estimated to affect about 1 per cent of the population) have a characteristic set of personality traits. First, they have a deeply held sense of specialness and entitlement. Male NPD sufferers frequently present as highly egotistical, with an unshakeable sense of their superiority and importance; female sufferers commonly present as eternal victims on whom the world repeatedly inflicts terrible injustices. In both cases, the affected person believes he or she is deserving of privileged treatment, and expects it as a right from those around them.

Second, NPD sufferers have little or no capacity for empathy, and usually relate to other people as objects (as opposed to thinking, feeling beings) whose sole function is to meet the narcissist’s need for special treatment and admiration – known as “supply”. In order to recruit supply, NPD sufferers become highly skilled at manipulating people’s perceptions of them, acting out what is called a “false self” – the glittering high achiever, the indefatigable do-gooder, the pitiable victim.

The third characteristic is termed “splitting”, where the world is experienced in terms of two rigid categories – either Good or Bad – with no areas of grey. As long as others are meeting the narcissist’s need for supply, they are Good, and they find themselves idealised and showered with reciprocal positive affirmation – a process called “love-bombing”. However, if someone criticises or questions the narcissist’s false self, that person becomes Bad, and is subjected to implacable hostility.

It is not known for certain what triggers the disorder. There is likely to be a genetic component, but in many cases early life experiences are the primary cause. Narcissism is a natural phase of child development (as the parents of many teenagers will testify) and its persistence as adult NPD frequently reflects chronic trauma during childhood. Paradoxically for a condition that often manifests as apparent egotism, all NPD sufferers have virtually non-existent self-esteem. This may arise from ongoing emotional neglect on the part of parents or caregivers, or from sustained psychological or sexual abuse.

The common factor is a failure in the development of a healthy sense of self-worth. It is likely that narcissism becomes entrenched as a defence against the deep-seated shame associated with these experiences of being unworthy and valueless.

When surrounded by supply, the NPD sufferer can anaesthetise this horrible sense of shame with the waves of positive regard washing over them. Equally, when another person destabilises that supply (by criticising or questioning the narcissist’s false self) this is highly threatening, and the NPD sufferer will go to practically any lengths to prevent a destabiliser adversely influencing other people’s perceptions of the narcissist.

One of the many tragic aspects of NPD is the invariable lack of insight. A narcissist’s experience of the world is essentially: “I am special; some people love me for this, and are Good; some people hate me for it, and are Bad.” If people with NPD do present to health services, it is usually because of the negative impacts Bad people are having on their life, rather than because they are able to recognise that they have a psychological health problem.

Far more commonly, health professionals end up helping those who have had the misfortune to enter into a supply relationship with an NPD sufferer. Narcissism is one of the most frequent factors in intimate partner and child abuse, as well as workplace bullying. The narcissist depends on the positive affirmation of others to neutralise their own sense of unworthiness. They use others to shore themselves up, and lash out at those who threaten this precarious balance. And they leave a trail of damaged people in their wake. 

This article first appeared in the 16 February 2017 issue of the New Statesman, The New Times